NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Kaplan, creator of the test prep industry and its leading player, has
acquired Dev Bootcamp, originator of the software coding bootcamp model
and its leading player. With this acquisition, Kaplan becomes not only
the largest provider of test prep worldwide but also one of the largest
players in the emerging market of coding bootcamps. The purchase price
was not disclosed.

Founded in February 2012, Dev Bootcamp pioneered the model of immersive
coding “bootcamps” that has since proliferated into a robust industry.
Designed to give individuals the coding skills needed to secure
entry-level positions in a dynamic software development job market, the
9-week Dev Bootcamp program has graduated more than 600 students since
2012 while maintaining an 85% employment rate measured four months after
graduation.

“Dev Bootcamp has been tremendously innovative in originating a new
industry that addresses a market need, while also scaling an inspiring
culture of teaching and learning across multiple locations,” said
Bernardo Rodriguez, head of Kaplan’s new economy skills training (NEST)
initiative. “Coming from another immersion learning industry where we’ve
seen many operations come and go, we know firsthand the enormous
challenge of maintaining high quality programs, with consistently strong
results, while expanding reach to a growing number of students and
markets. Dev Bootcamp and Kaplan have a shared mission of helping
students and individuals succeed, and we believe that by combining our
experience and expertise, we can help establish an industry standard in
an evolving market.”

“Kaplan has a 76-year track record of delivering outcomes-based learning
programs that change people’s lives,” said Jonathan Stowe, Partner and
President, Dev Bootcamp. “Being a part of the Kaplan family will further
our mission to provide a world class, immersive education that enables
our graduates to have meaningful livelihoods as software developers. We
are excited to break new ground in the immersive education space by
combining Dev Bootcamp’s curriculum and staff with Kaplan’s team of
education experts.”

The acquisition furthers Kaplan’s expansion into new economy skills
training, complementing its existing NEST offerings under the Metis
brand, launched in December 2013. Metis (www.thisismetis.com)
currently includes bootcamps for data science, product design and
software coding. Dev Bootcamp gains the global resources of an
established educational powerhouse. Dev Bootcamp will retain its
operating independence and reside under the new Kaplan’s Advance
Division. The acquisition will not change any day-to-day activities for
students or staff.

About Kaplan, Inc.

Kaplan, Inc. (www.kaplan.com)
is a leading international provider of educational and career services
for individuals, schools, and businesses. Kaplan serves students of all
ages through a wide array of offerings including higher education, test
preparation, professional training, and programs for kids in grades K
through 12. With nearly 400 locations in more than 30 countries, Kaplan
serves more than one million students each year. Kaplan is a subsidiary
of Graham Holdings Company (NYSE:GHC) and its largest division. In 2013,
Kaplan reported $2.2 billion in revenue.

About Dev Bootcamp

Dev Bootcamp is a 9-week program, which transforms beginners into
full-stack web developers in San Francisco, Chicago, and New York.
Started in 2012, Dev Bootcamp has graduated 600 junior developers who
currently energize development teams all over the world. Students spend
70 - 90 hours a week building applications with Sinatra, HTML, CSS,
JavaScript, SQL, and Ruby on Rails.

Note to editors: Kaplan is a subsidiary of The Graham Holdings
Company (NYSE: GHC)